Stock Close Higher Despite Housing Data

Markets reporter Jonathan Cheng reviews the day on Wall Street, in which markets shook off negative housing news early in the trading day.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... I was a while ... stop ... what you what aspects ... markets so ... remind us why Apple stock and then tells what that says how Shiller's who can throw up all of course ... note the biggest company ... on the planet ... um we it's that such shares drop something like nine percent ... in the space of a second inning came right back up again no reminiscent of the flash crash but you know the flashbacks with the entire market this is just one stop now ... it's the biggest Och and it's ... the love people people wondered what happened ... to me it's pretty is ... an exchange called acts and they are the third-largest sub ... the behind Nasdaq and ... the stock exchange ... Psalm but said they happened to be enlisting they're going to stop today as well ... on the twenty cities the first ever IPO of ... a security on its own exchange ... and we're still trying to get to the bottom of the town we haven't got a lot of their answers yet but ... in a nutshell ... some of these so we are the ... biggest reason that we're seeing today are a result of the pops up and that's Uncle Marcus has withdrawn its IPO was nice to some extent it's not doing that now any friends call me to do with the fact that at one point the stock which was committee was set at six to about sixteen dollars a share and went down to four cents ... it was a was this all with bizarre LPSN and Gazelle and they've actually yes they pulled their IPO about was the lead and try to figure this out ... it opened up the stalks any of the the ... that is the move down nicely and ... I'm back from class and I count them on ice but I guess one of ... the dress pretty pretty amazing if you are sitting there for the right Micra seconds he put it on Apple for about five ... forty ... two dollars now what one of those trades Council to go out and they said will give the city for fat fingers they couldn't really gonna let you what about it for that much of the top of the kids get back to the assortment Chile where an operational it so that this is is that the deal on Pentecost was on from making paper this morning ... I strike the right of the talk was not all about ... the CFTC the Securities Exchange Commission on their ... enforcement team is looking into ... certain things to do it ... with that so you can save the last twenty four hours for banks have not been ... perhaps ... the way that they may have ... wanted the rollout to go ... um ... by pulling it back presumably what happens is that any get a second run in an IPO that they wanna believe that trades ... in Baxter was down four cents all about those will be test was well but my understanding ... but we must all be very relieved that he is sixteen bucks that false sense that some ... US West number ten on the Deccan which is a was that the job ... so while some in markets than a month with a novel that that the of the disease that now many ... we came up was something like thirty five forty points or so now I'm ... not a bad day overall ends a three D losing streak but still up for the week the Dow was actually ... suffered its worst week since it sounds ... to me and ... so this this was a week of housing data that he was housing tenant not and we David almost every day I think I mean in some sort ... aam in general what is the son of them about what people sang about that that ... right I think the general trend was the first half the week the numbers were all right and that's why would someone has to pay and then decided to come in a little ... weaker I think in some when you look at it I don't think that anybody is ready to call ... the bottom in housing people look and say ... that we may be on the bottom but it's on ... it's a pretty picture still underfunded ammunition for people who say that we're still gonna be here for awhile and putting them in Asia for people say ... this is the bottom so ... in a bid to be bought directing ... write to me why the bomb ... I'm we come here for awhile I need to just go going on for so long because they've lost that ... that's right people people of Greece dad and people ... lining up to get it all and it's helpful ... now if you want a lot right ... it's obvious and some of course next week um quick blog and see some GDP data to get some that will be looking for it ... bright and that you know as Leslie next week is to get into quarter and said you gotta see a lot of movement of the markets as some portfolio managers that were just things that with the with the GDP would get up ... the unemployment number not next week the week after that ... aam ... and get him to step in the quarter were were also preparing for earnings season so there's a lot ... of its trading going on the lot next I'm going on is what in the style of the time to catch Jonathan and again allied weekdays at ten thirty on the markets up